Rental income qualification for a mortgage - how many months / years of history (min)

[Evgeny Leytush]

Hi folks,

I am new to real estate investing and I'm planning to close on my first deal by August. As I'm thinking ahead, I'm curious about my financing options for the next deals. I had no problem getting approved for my first deal (my current DTI is ~15%), but I'll be at 43% after the deal.

How many months / years of rental income from the new investment property will the banks require when calculating my DTI next year when I apply for my next mortgage?

I searched online and couldn't find any definitive answer / guidelines. Would really appreciate the Forum's insights!

Thanks,

Eugene